NextEra Energy Projects Could Double Capacity of Battery Storage
August 31 2020 - 1:08PM
Dow Jones News
By Chris Wack
NextEra Energy Resources LLC said Monday it had a suite of clean
energy storage developments in California that could nearly double
the total installed capacity of battery storage available in the
U.S. at present.
The energy company said it plans to build nearly 700 megawatts
of fully-contracted battery storage projects in California before
the end of 2022.
The battery storage projects will be co-located at six existing
NextEra Energy Resources solar projects and include the previously
announced 63 MW at Blythe 110 Solar Energy Center, 115 MW at Blythe
II Solar Energy Center and 230 MW at the McCoy Solar Energy
Center.
"California needs significant investment in battery storage to
meet its aggressive clean energy goals," said NextEra Energy
Resources President and Chief Executive John Ketchum. "NextEra
Energy Resources is answering the call with nearly 700 MW of
battery storage projects representing a capital investment of
nearly $800 million."
Once these projects are operational by the end of 2022, NextEra
said, Californians will benefit from more low-cost, emission-free
solar energy during more hours of the day, as well as improved
reliability across the regional electric grid.
In addition to the fully-contracted projects that are expected
to come online by the end of 2022, NextEra Energy Resources has a
current pipeline of nearly 2,000 MW of shovel-ready or near
shovel-ready battery energy storage projects in California that
could be deployed to help meet the energy storage capacity
requirements put forth by the CPUC.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
August 31, 2020 12:53 ET (16:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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